The Asia Pacific Aqua Feed Market Size is projected to grow from USD 9.15 billion in 2025 to USD 11.95 billion by 2030, recording a compound annual growth rate (CAGR) of 5.5% during the forecast period, according to a recent report by Mordor Intelligence. The market is witnessing steady expansion as aquaculture production intensifies to meet the region’s growing seafood demand and evolving dietary preferences.
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Changing Diets and Rising Protein Demand Fuel Market Expansion
Across Asia Pacific, traditional carbohydrate-dominant diets are shifting toward protein-rich alternatives, with fish becoming a preferred source of high-quality protein. This change in consumer behavior is encouraging aquaculture operators to scale up operations, thereby driving consistent demand for nutritionally balanced aqua feed. The trend is further supported by urbanization, rising disposable incomes, and a greater emphasis on the health benefits of omega-3-rich seafood.
In response, aqua feed manufacturers are investing in advanced formulations featuring essential nutrients, probiotics, and plant-based ingredients such as cereals, soybean meal, and cottonseed meal. These changes are particularly pronounced in rural and export-driven aquaculture hubs across countries like Vietnam, India, Indonesia, and Thailand.
Key Trends Driving the Asia Pacific Aqua Feed Market
1. Technological Advancements in Production:
Modernization of aqua feed facilities across the region is resulting in the integration of automation, quality control systems, and international manufacturing standards. This allows for precise nutritional consistency and improved feed conversion ratios.
2. Sustainable Aquaculture Practices:
Countries such as Vietnam are emphasizing sustainability as part of their national strategy. The goal of generating USD 10 billion in shrimp exports by 2025 has prompted investment in environmentally responsible aquafeed development. Feed producers are aligning with this vision by introducing eco-friendly formulations and adopting responsible sourcing strategies.
3. Scientific Aquaculture Management:
The growing implementation of Scientific Aquaculture Management Practices (SAMP) has transformed traditional aquaculture methods. Governments and private sectors are backing initiatives focused on optimizing feed usage, monitoring water quality, and customizing feeds for species-specific needs.
4. Export-Oriented Aquaculture Growth:
Asia-Pacific nations dominate global aquaculture exports, accounting for nearly 70% of aquatic animal production. This export focus has led to increased adoption of high-quality feed, especially for shrimp and pangasius, to meet stringent global standards.
Asia Pacific Aqua Feed Market Segmentation
By Species:
- Pangasius: Holding a 43% market share in 2024, pangasius remains the leading species in the aqua feed segment. Vietnam’s vertically integrated farming systems and processing facilities continue to support the demand for species-specific feed.
- Litopenaeus vannamei (White Leg Shrimp): Expected to grow at 6% CAGR during 2024–2029, this segment benefits from the species' rapid growth cycle, suitability for high-density farming, and increasing demand from both export and domestic markets.
- Other Species (Tilapia, Carp, Penaeus monodon, Catfish): These species continue to hold significant shares across various countries, with demand driven by regional dietary preferences and export markets.
By Geography:
- Vietnam: Vietnam leads the market with 41% share in 2024, powered by a robust aquaculture infrastructure in the Mekong Delta, supportive policies, and specialized feed for pangasius and shrimp farming.
- Indonesia: Projected to grow at 6% CAGR, Indonesia is investing heavily in sustainable farming and modernizing its aquafeed production to meet the rising demand from intensive farming operations.
- India: India’s market is driven by growing exports and diversified aquaculture systems. Feed producers are focusing on cost-effective and nutrient-rich formulations for shrimp, carp, and other species.
- Thailand: Thailand benefits from advanced feed production capabilities and R&D investments. The country is a major producer of high-performance shrimp and tilapia feed, aligned with global quality and sustainability standards.
- Other Countries (Philippines and others): These markets are rapidly transitioning from traditional feed methods to commercialized feeding systems. Local manufacturers are developing region-specific feed solutions and adopting new technologies.
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Asia Pacific Aqua Feed Market Key Players
The Asia Pacific aqua feed industry is highly competitive and fragmented, with a mix of multinational corporations and specialized regional players. Leading companies include:
- Charoen Pokphand Group – A dominant player with vertically integrated operations and a strong presence across Southeast Asia.
- Avanti Feeds Ltd – Known for its advanced shrimp feed formulations tailored for India’s brackish water farming.
- Masan Group – Focuses on sustainable aquafeed production aligned with Vietnam’s national development goals.
- Thai Union Group – Offers premium fish and shrimp feed solutions supported by strong R&D capabilities.
- Greenfeed Vietnam – Specializes in environmentally sustainable feed solutions for pangasius and shrimp farming.
These players are investing in research, automation, and vertical integration to ensure consistent quality, improve feed performance, and meet evolving market demands. The competitive landscape is also seeing increased partnerships with startups and local producers to strengthen product portfolios and distribution networks.
Asia Pacific Aqua Feed Market Conclusion
The Asia Pacific Aqua Feed Market is experiencing robust growth, fueled by dietary shifts, expanding aquaculture operations, and a growing focus on sustainability. With countries like Vietnam, India, and Indonesia leading production and export efforts, the region presents a dynamic environment for feed manufacturers to develop innovative and cost-efficient solutions. As the demand for high-protein seafood continues to rise, the aqua feed industry will play a critical role in supporting the future of aquaculture in the Asia Pacific region.
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